Thursday, November 28, 2024

Reading These 6 Books Will Make You Richer This Year

Reading These 6 Books Will Make You Richer This Year

The majority of wealthy people devote at least 30 minutes a day to reading. If it works for them, it could work for you.

Below are six money-related reads, from personal finance classic to new releases, that could help you strike it rich in 2018.

For a productive start to the new year, crack open one of these highly recommended and helpful books:

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1. “Think and Grow Rich” by Napoleon Hill
Reading These 6 Books Will Make You Richer This Year

Journalist Napoleon Hill researched more than 500 self-made millionaires, including Andrew Carnegie, Henry Ford and Charles M. Schwab, before releasing this 1937 bestseller.

The personal finance classic will help you understand that mastering your money has more to do with mindset and overcoming psychological barriers than anything else, and it teaches you how to start thinking your way to success.

 

2. “Business Adventures” by John Brooks

Reading These 6 Books Will Make You Richer This Year

Rich people tend to believe that starting a business is the fastest way to make money. This read, endorsed by self-made billionaires Bill Gates and Warren Buffett, will teach you just how to do that.

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Don’t let the 1969 publication date throw you off. While a lot has changed in the business world since the 1960’s, the fundamentals of building a strong business have not, Gates notes in a review, adding, “Brooks’s deeper insights about business are just as relevant today as they were back then.”


3. “Your Money or Your Life” by Vicki Robin, Joe Dominguez and Monique Tilford

Reading These 6 Books Will Make You Richer This Year

Self-made millionaire Grant Sabatier has read over 360 personal finance books and “the best book on money, period,” happens to be the first one he picked up: “Your Money or Your Life.”

He’s not the only self-made millionaire who recommends the read. Chris Reining, 38, who crossed the $1 million threshold at age 35, calls it “the book that changed my life.”

The book hammers home the idea that you exchange your time for money. It encourages you to start thinking about how many hours of your life it took to save up the money to buy something and ask yourself questions like, ‘How much of my life did I trade for this?’ And, ‘Is it worth it?’

4. “Unshakeable” by Tony Robbins

Reading These 6 Books Will Make You Richer This Year

Robbins, who has interviewed some of the world’s greatest financial minds, offers a step-by-step playbook on how to transform your financial life and grow your wealth.

The No. 1 New York Times best-selling author teaches you that you don’t have to predict the future to win the investment game; rather, if you focus on what you can control, you can be the master of your investment fate.

5. “The Little Book of Common Sense Investing” by John C. Bogle

Reading These 6 Books Will Make You Richer This Year

One of the most effective ways to build wealth is to invest wisely.

Bogle, founder of the Vanguard Group and creator of the world’s first index fund, details the simplest and most efficient strategy: low-cost index funds.

Warren Buffett also says that every investor, large-scale and small, should pick up a copy.

6. “The Automatic Millionaire” by David Bach

Reading These 6 Books Will Make You Richer This Year

Self-made millionaire and financial advisor David Bach exposes a handful of money misconceptions in his easy-to-read bestseller.

As you’ll learn in “The Automatic Millionaire,” you don’t need a budget, you don’t need to make a lot of money and you don’t even need willpower to accumulate a fortune.

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